U.S. Senate Committee on Finance

07/20/2022 | Press release | Distributed by Public on 07/20/2022 08:26

Wyden Statement on U.S. Requesting Consultations Over Mexico’s Protectionist, Fossil Fuel-Promoting Energy Policies

July 20,2022

Press Contact:

Keith Chu

Wyden Statement on U.S. Requesting Consultations Over Mexico's Protectionist, Fossil Fuel-Promoting Energy Policies

Washington, D.C.- Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following statement on the United States requesting dispute settlement consultations with Mexico under the United States-Mexico-Canada Agreement (USMCA):

"Mexico's protectionist energy policies are a one-two punch against economic and environmental progress. As I discussed with Ambassador Tai in our March hearing, Mexico is flouting its USMCA obligations by shutting American renewable energy providers out of the market and giving unfair advantages to less reliable, fossil fuel-based state-owned enterprises. These actions are not only discriminatory, but they also have dire environmental consequences and raise questions about whether Mexico can meet its climate goals under the Paris Agreement. As I have frequently said, a trade agreement without strong enforcement is just words on paper. So I'm pleased that Ambassador Tai is using the improved enforcement mechanism I fought for in USMCA to hold Mexico accountable, protect our environment, and ensure open markets for American renewable energy providers."

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